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If you examine the disclaimer at the bottom you will see the report was produced by MGC and the publisher had no part in it, nor did they research it to ascertain if it was correct.
I would argue its impartiallity, and personally see the report as without any credible value.
https://mgcpharma.com.au/wp-content/uploads/2021/06/32d7897a-ea84-4e09-8dd4-72650119569e-1.pdf
Interesting and positive research here
No I traded with the information I had.
And despite all your knowledge, you still invested?
But your uprampers roam free? The message wasn't wrong. To many just put their heads in the sand?
MGC has just done a rince & repeat on the LSE. The modus operandi is the same as they ran on the ASX. It was there for all to see if they cared to look. It was at 1.7c AUD before listing on the LSE.
Next to no assets, no IP of any value & a history of failed deals ( I use the word deal loosely. Should read fraud)
For those that choose to hang on, good luck. That's all that will move the SP upwards. The BOD is not capable of operating a publicly listed business.
Sorry for your loss Eric but my gut is telling me to hold my shares because the company is moving in the right direction and there is a lot in the pipe. There is absolutely no reason to sell for a loss. All the best
Sold at a 40% lost a few weeks back costing me over £20k.
Gut feeling told me to get out a lot earlier, but I held on in hope. Got burnt by not listening to my gut feeling.
Listen to your gut feeling. That is all I'll say.
Thefable
It isn't about shooting the messenger, it is about being bored to tears by the messengers' repitition.
Pokeechips post have been quite accurate if you care to read through them?
Your rampers have mysteriously all but disappeared ? Essann, irontaz, Mazic.
Dissection of announcements should be a critical part of research into any investment. Those that pull them apart for analysis then share that analysis as their own interpretation should be a welcome addition to others research?
Why shoot the messenger all the time?
The trend is downward & MGC's history on fulfillment of longer term goals has not been stellar to date?
Research, research, research. & be critical not just take on board the positive spin.
I agree with your point, and I agree with following stocks for a while before investing. But when I have been reading what’s been being said for a while it’s all abit one sided.
But there are also others that ignore all the potential risks within the company.
I'm not sure who you are referring to, but I'm guessing its Pokerchips.
I don't know if he/she is invested here or not, but the posts are not unreasonable.
As for posting on boards where you are not invested, I have on occasion, when I am following a stock with a view to potentially investing. I sometimes follow stocks for months before I actually invest.
Why the need to keep posting on a board, that you’re not invested in i don’t quite understand unless you have an agenda?
Most people shouldn’t be investing at all if they don’t see risks within a growth company.
All I’m saying is with all this negativity at the moment, you may just be suprised in a couple months time.
Beef
Thanks, had a look at HEMO, it might be one to watch for a while but I personally couldn't hold it while in MXC. It would upset my risk rish feng shui.
I did suggest having a look at HEMO ...it is up 30%+ off that low ...
IMM could be another one ..which is on share price lows before an important phase 3 trial in H2
Good luck with whatever holders decide to do
If you buy at 3.5p then you are valuing this company at £81 million....and you have to ask yourself...what is there within the company that is valued at £81 million...what assets....IP... cash holding etc ?
If there isn't that value currently ...then you are speculatively buying on a future potential to reach that kind of NAV value
The market may still have some of the 440 million @ 1.475p placing shares to sell through....but if so..there cant be many of those still to offload ..there are no doubt a lot of the same shares repeatedly bought and sold..and punters trying to catch the bottom , only to then dump them again when they find themselves in a loss situation....
The market is pricing the risk of the phase 3 trial not showing sufficient results ..and as a result...the loss of the financial input into it and the possible further costs of any further re-trial .....phase 3 trials always tend to see low share prices because of the risk
Unfortunately ..most of the RNS statements are just waffle, and once you take that all out ..there isn't exactly much in each one at all.... i guess it takes experience of reading RNS over some years to see through the razzamatazz that the PR companies that help write these RNS statements put in...each word is carefully chosen..each sentence carefully constructed
Revenue is vanity ..but profit is sanity .....you can have revenue but it is the profit margin from that revenue that counts ..and MXC have not shown a good profit margin on anything sold so far.....so that needs to change ...which may happen if volumes increase
It is certainly interesting to see that all the rampers have disappeared ..... pretty obvious some of them were here purely on behalf of the sellers who were looking for buyers to offload their shares to ....
The real winners of course are the City and the Broker..who make big money from selling those 44million @ 1.475p shares into the market at inflated prices
The BOD will have made good friends and contacts there...and no doubt the City will be happy to repeat the exercise should more funding ever be required in the future
If I get to the fortunate position of break even, I will be out of this like a shot.
I have a gut feeling and just don't trust the people making the decisions, and I don't think that them taking 14k a month each in fees is appropriate bearing in mind the limited income.
If it ten bags after I'm out, bravo to those braver than I.
Investors should do what they feel is right for them. Bear in mind pharma stocks spend a lot on R&D, which takes years to recover through sales, and this particular type of pharma is new to the market, so I suspect large investors are still unconvinced. It remains a highly speculative investment, and its unlikly we will see a big SP rise anytime soon, unless based on sentiment. SP rise based on sentiment alone tends not to last and IMHO does more harm than good. I've mentally written off my investment and will hold for what could be medium to long term reward, i.e. 5 to 10 years. If the SP is low and I consider there is news worthy of re-evaluating my position, I may still buy more shares, although I very much doubt it as I don't intend this stock to exceed 1% of my investment portfolio with MXC cash flow as it stands. However with negative news I may well re-evaluate my position and move the money elsewhere as others already have, I'm just not there yet.
I would only caution don't let impatience or sentiment lead decisions. Positive sentiment and negative sentiment are two sides of the same dirty coin, which I appreciate can benefit savy short term traders. I've found day trading is not for me. As indicated by others, there are other stocks with far lower risks which will make money, and that is also where 99% of my other investments lay. I have found over the years that if I find myself concerned about my investments, its because I'm investing outside my acceptable area of risk. Risk being a very individual thing based on personal circumstances. To those who have sold I wish you good fortune and certainly don't suggest you have done the wrong thing.
Jackdaw 26, I'm honestly thinking the same too RNS on Ireland, RNS on patent, Halt on Asx with further findings on cimetra, funding from EU of 450k euro for research, lots more positive since I bought @ 3.5p but like wise 30% down can't work it out, I'm going to see until late September once phase 3 and phase 2 trials have ended, Malta production factory, see how Cannepil goes in Ireland and does any other country take up opportunity. This is just my opinion and fully understand where your coming from.
Seconded.
Also thinking of giving up I have 500000 @ 3.6 now showing a loss of almost 32%. Totally fed up with this never-ending downward spiral. Small rise on Tuesday, then yesterdays and todays drop has taken away Tuesdays rise after the RNS. I know I only have half a million shares. I think Id rather have a more enjoyable night with the money at a casino should I sell?
This seriously concerning me now. what exactly is the cause of this pathetic share price. We have literally just been given what should be huge news over in Ireland yet we're down over 5% today.
I'm very close to packing things in with thsi